THE trial of businessman Wicknell Chivayo and his Intratek Zimbabwe firm facing fraud allegations of swindling the Zimbabwe Power Company of US$5,6 million in the Gwanda Solar Project has been pushed to October 24 after his lawyers wrote to the prosecution over the matter. The matter was set for yesterday following the Supreme Court’s decision…
DIVERSIFIED financial service group, Old Mutual Zimbabwe Limited (OMZIL), says net profit after tax in historical terms for half-year ended June 30, increased by 246 percent to $50 billion driven by a strong performance across the group’s business lines. Group chief executive Samuel Matsekete told shareholders attending an analyst briefing on Monday that the group’s…
MDC leader Douglas Mwonzora says it is foolhardy to think that even a united opposition can romp to victory over Zanu PF in next year’s crunch elections, without the country having held national talks. Addressing journalists in Bulawayo on Tuesday evening, the Nyanga Senator also reiterated that inclusive national dialogue remained crucial to healing the…
Rutendo NgaraSTAFF WRITERngarar@dailynews.co.zw ZUPCO has increased its fares by 100 percent with effect from today. In a statement yesterday, Zupco said buses operating within a radius of one to 20 kilometres will charge $300 up from $140, while those within 21 to 30km will charge $400 up from $180 and those transporting in 31-40 km…
A MARONDERA man has been jailed for five years after he was convicted of unlawfully possessing 40 bags of dagga weighing 597kg. Christopher Muza had denied the allegations, but he was convicted after a full trial resulting in him being slapped with an effective five-year prison term. The court heard that on July 10 last…
Nyasha KunyiswaSTAFF WRITERkunyiswan@dailynews.co.zw AGRICULTURE minister Anxious Masuka has called for more cooperation between private players and the government to promote the growth of the agriculture industry. This comes as the government introduced an input scheme for farmers in a bid to ensure that the country’s food security situation improves in the face of climate change…
Brighton MuronzereyiSTAFF WRITERmuronzereyib@dailynews.co.zw PARLIAMENTARIANS have made more demands to Finance minister Mthuli Ncube for them to be entitled to pension benefits after serving for one term in office instead of the current two. This comes hard on the heels of yet another demand they made last week for the Treasury to increase their supplementary budget…
LEADING financial services institution, Stanbic Bank, has demonstrated its resilience by posting an inflation- adjusted profit of $11.2 billion for the six months to June 30, 2022, up from $3.5 billion in the comparative period last year. The Standard Bank Group subsidiary shrugged off the difficult economic environment mired in inflationary pressures and a myriad…
THE first phase of a multi-million- dollar refurbishment programme has started at Harare’s five-star Meikles Hotel, featuring a significant renova- tion and redesigning of most public areas and the hotel’s south wing. Meikles Hotel general manager Tinashe Munjoma said the refurbishment programme had been delayed during the Covid-19 crisis, but was now under way, focusing…
CITIZENS Coalition for Change (CCC) interim vice president, Welshman Ncube, says the opposition should be ready to take on and defeat Zanu PF without electoral reforms in next year’s crunch national polls. Speaking during an online discussion on Monday night, Ncube said the ruling party was not willing to implement any electoral reforms, and hence…
